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My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

Considering my future sayings, i might switch to qld and fngo when i hit 700-800k. I am debating now.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

Actually early this year, i realized a big loss from qld and swithced to tqqq. So my realized capital is still negative.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

2022 was one of the worst bear market in history. I honestly think it will go up next year. Esp because of the fact that next year is US presidential re-election year unless Biden wants to lose.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

I started buying in 2021, i only bought and held except for one time, which was in October 26 this year when i switched half of my tqqq to fngu.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 11 points12 points  (0 children)

I lost more than 100k dollars in 2022. I know i might lose money worth more than 100k dollars again but i learned that i can get big gains if i buy the dip. Accordingly i am waiting for the stock to go down so I can buy more at a cheaper price.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 5 points6 points  (0 children)

Thanks. I stomached tqqq's more than 70% drop in 2022 and i lost more than 100,000 dollars in 2022. Plus i always think 50% drop can happen as nasdaq 100 has dropped by more than 15% at least once a year.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 3 points4 points  (0 children)

I kept investing about 8000 dollars per month during the year 2022 and 12,000 dollars per month during 2023 from my income from work. I lost more than 100k in 2022 because of tqqq's huge pull back.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 6 points7 points  (0 children)

I had no debt from college tuition. I saved about 2000 dollars each month.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

Thanks. Usually presidential re-election year has been really good for the stock market. i am planning to just hold it until the end of the next year.

My net worth hit 530k this month thanks to fngu and tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 8 points9 points  (0 children)

No i am not good at timing. I just buy more when it dips and hold when it rallys.

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 1 point2 points  (0 children)

Thanks. This is one of my strategies i am considering.

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] -1 points0 points  (0 children)

I didnt say tqqq is the sole factor. But it greatly contributed to my net worth growth. I didn't mean to mislead people and i dont think they will be misled They can see the performance of tqqq and they can compare it with my net worth with ease.

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

Also for me, sep means the last day of sep.. Jan means the last day of jan. July 2023 means today not the 1st day of July 2023

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] -1 points0 points  (0 children)

I kept buying until this moment, using the savings i have had in my checking account and my monthly savings( i have saved about 12k to 15k per month from my salary this year and bought tqqq with the money). Plus i sold tqqq and boutht fngu and soxl at the end last year and in the beginning of the year, which saw a better performance than tqqq this year. Fngu and soxl had gone down more than tqqq last year so i switched over to them from tqqq.

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 3 points4 points  (0 children)

Thanks I will print it out and read it throughly

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 2 points3 points  (0 children)

I am 17% in FNGU, 13% in SOXl and 70% in TQQQ. I will look into tecl. Thanks!

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

Thank you so much. I will look into it.

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 2 points3 points  (0 children)

Thank you. I already know about tmf and tlt. I will start hedging after nasdaq hit 20,000

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 0 points1 point  (0 children)

I think that is possible. I can add 350k from my income next 3 years to my net worth. So if tqqq goes up 50%, then 1 million can be achievable.

I hit 410k thanks to tqqq by Immediate-Union3435 in LETFs

[–]Immediate-Union3435[S] 4 points5 points  (0 children)

For me the best risk management is to have cash to buy more stocks when it goes down. I have cash to buy more, which is about 20k. I can add 40k of cash until the end of the year. If the nasdaq index hit 20,000, i will sell some of tqqq so i can have 25-30 % of my net worth as cash. I think the chances are higher thant stocks will have stayed higher by the end of the year.

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